Top Ten Holdings

RNS Number:1119N
Templeton Emerging Markets IT PLC
03 July 2003


On behalf of TEMIT, Franklin Templeton Investment Management Limited reports the
Top Ten Holdings in TEMIT as at 30th June 2003 as follows: -



Country          Security               Industry        % of Total Net Assets
China      China Petroleum &       Integrated Oil &                       4.59
           Chemical Corp., H       Gas
Austria    OMV AG                  Oil & Gas Refining &                   3.18
                                   Marketing
Brazil     Unibanco Uniao de       Diversified Banks                      3.01
           Bancos Brasileiros SA,
           GDR
Turkey     Akbank                  Diversified Banks                      2.97
Thailand   Siam Commercial Bank,   Diversified Banks                      2.94
           5.25%, cvt. pfd.,
           fgn.
Hungary    Gedeon Richter Ltd.     Pharmaceuticals                        2.90
Brazil     Banco Bradesco SA, ADR, Diversified Banks                      2.59
           pfd.
Turkey     Tupras-Turkiey Petrol   Oil & Gas Refining &                   2.43
           Rafineleri AS           Marketing
South      KT Corp.                Integrated                             2.18
Korea                              Telecommunication
                                   Services
South      LG Card Co. Ltd         Consumer Finance                       2.18
Korea




For information please contact David Bliss/Will Rogers at UBS Warburg Ltd (0207
567 8000). No representation or warranty is made by UBS Warburg Ltd as to the
accuracy or completeness of the information contained in this announcement and
no liability will be accepted for any loss arising from its use. These figures
have been prepared by Franklin Templeton Investments and are their sole
responsibility.


Date: 3rd July 2003


End of Announcement.







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